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WESTLAKE VILLAGE (CNS) - Westlake Village-based Guitar Center, the country's largest retailer of instruments and musical equipment, joined a growing list of companies impacted by the economic toll of the COVID-19 pandemic, filing for bankruptcy, according to a report Sunday.Guitar Center has about 300 stores across the U.S., and its sister brands include Music & Arts, which has more than 200 stores specializing in band and orchestral instruments for sale and rent, according to the Los Angeles Times.The filing in the Eastern District of Virginia gives the company a break on its debts by letting it stay in business as it seeks to carry out a restructuring plan, the Times reported.According to the report, a restructuring support agreement announced Nov. 13 requires new financing backed by existing creditors, in addition to 5 million in new equity investments from its parent company, Ares Management Corp., as well as the Carlyle Group and Brigade Capital Management.Moody's Investor Service explained that the coronavirus shutdown has hit nonessential retailers hard, and that Guitar Center was particularly vulnerable because musical instruments are highly discretionary item. The company's stores were shut down in mid-March when the pandemic began in earnest. Since then, the Times reported, it has reopened some locations while maintaining online operations.Guitar Center claims it has liabilities of between billion and billion, with a similar range for its assets, according to the filing.According to the report, Ares acquired the company in 2014 in an out-of-court restructuring of Guitar Center's substantial debt load, the result of a deal by Bain Capital LP in 2007 to take it private. 1728

While many Americans will sit down and enjoy a traditional turkey dinner on Thanksgiving, some will opt to skip the tradition. Although many, if not most, major chain restaurants will be closed on Thanksgiving, there will be plenty of options for those opting to skip a meal at home. While some restaurants will be offering their standard menu, others will offer a special Thanksgiving Day menu for those just not wanting to cook. Here is a list of major chain restaurants opting to open for Thanksgiving (hours and participation varies):Boston Market: Boston Market fans have two options for Thanksgiving: Participate at the restaurant's Thanksgiving Day buffet, or have the restaurant cater a meal at home. To see the full Thanksgiving menu, click here. Buca di Beppo: Like Boston Market, Buca di Beppo is offering diners the option of enjoying a traditional Thanksgiving meal in the restaurant, or by catering. Click here to see the options. Cracker Barrel: Cracker Barrel calls Thanksgiving its "busiest day of the year" as the company said all of its 647 locations will be fully staffed for Thanksgiving. For .99 for adults, and .99 for children, the restaurant is offering its Homestyle Turkey n’ Dressing Meals for in-store guests. The meal comes with gravy, a sampling of sugar cured ham, sweet potato casserole, cranberry relish, choice of a country side, a refillable beverage, buttermilk biscuits or corn muffins and a slice of pumpkin pie for dessertCracker Barrel as is offering its Heat n’ Serve Holiday Family Meals and Homestyle Turkey n’ Dressing Family Meals as a to-go option.Denny's: Most of its locations will have its standard menu available. Among the menu items Denny's offers is a turkey and stuffing meal. Fleming's Prime Steakhouse: For , guests can enjoy a three-course turkey dinner that includes all the traditional fixings. Fleming's will also have its standard menu available for customers. Click here for reservations and details. Golden Corral: Golden Corral will be open with a special Thanksgiving buffet, among other entrees. Prices varies by location. Click here to see the buffet menu. Ruth's Chris Steak House: The steak house will have a special 3-course dinner with all your holiday favorites including: Oven-roasted turkey breast; sausage and herb stuffing; sweet potato casserole; and pumpkin cheesecake. Reservations are available by clicking here. Ted's Montana Grill: Most Ted's Montana Grill locations will be open, and offering a special Thanksgiving Day menu, featuring a roast turkey feast. Ted's will also have a select menu of other items, including burgers and steaks. Its menu and a list of participating locations is available here. Waffle House: Almost every Waffle House locations offers hash browns and other classic items 24 hours a day, 365 days a year, including Thanksgiving.  2970

When a vaccine is approved, who will get it? How will it get to them?Johns Hopkins has a plan to make front line workers and those most vulnerable first in line. Other experts say that may not be the best approach.“It may be better to immunize people who are at high risk of transmitting the virus both because of jobs, living situations and other circumstances,” said Dr. Ezekiel Emanuel while speaking with the head of the Journal of the American Medical Association. “And that I think we have to leave an open mind and look at some detailed modeling about what the best way is to reduce the premature mortality.”Emanuel says transmission between health care workers and patients is basically zero where he is. He says effective PPE use is the reason.The groups Johns Hopkins said should get a vaccine first could be as big as 90 million people.Emanuel says there won't be enough doses out of the gate to get all of any initial groups.“You don’t actually distribute it evenly among countries,” he said. “You concentrate on countries that at the moment when you have the vaccine have severe hot spots and where the vaccine is going to make the biggest difference in terms of reducing premature death.”Johns Hopkins experts say a vaccine's effectiveness is measured on preventing disease. That doesn't mean it prevents infection and transmission. We won’t know how effective it will be until after it’s in use.“A disease transmission strategy makes a lot of sense, but we need a lot more information before we can know who to prioritize,” said Dr. Eric Toner, a senior scholar at the Johns Hopkins Center for Health Security. “It’s quite possible we will go to a strategy like that.”The World Health Organization said younger people in their 20s, 30s and 40s are increasingly driving spread.The first vaccines will likely be two doses. Experts say that means double the syringes, needles, vials and other supplies, along with getting people to come back for a second dose. 1980

With a population density of six people per square mile, few places are quite as suited to ride out COVID-19 as Wyoming.But in the south-central part of the state, close to the Colorado border, sits a ranch that might offer the best accommodations of all.At ,000 per night, renting out Magee Homestead might not be for everyone, but for the clients it does attract, it offers an opportunity to quarantine with family while offering the ability to vacation with fly fishing, archery, and horseback riding.“The decision was either to open or not,” said ranch proprietor Jeremy Belnap. “Then, we slowly started to get inquiries for families wanting to get away.”Like so many businesses across the country, the ranch had to answer a difficult question during the months of March and April.“We had originally chosen to close the ranch for the season and open back up for the 2021 season,” said Belnap.With 7,500 acres of land to tend to and dozens of living spaces that require electricity, the prospect of closing was daunting and carried loads of overhead.“Financially, we suffer if we close the night with two or four guests on property,” Belnap said. “We have a staff of 45 dedicated people. We spend that much on labor in a day so it can cripple you.”As it was preparing to close, however, the ranch started getting calls from families, some of whom had stayed at Magee Homestead previously, that were interested in renting the entire ranch out.After some consideration, Belnap and the staff made the decision to switch their business model to accommodate the buyouts, allowing them to stay open while offering the families a chance to stay safe away from home.“It’s like we’re quarantining together,” said Belnap. “[It was] a light bulb moment. We took enough phone calls to say this could really make sense.”At capacity, the ranch can house up to 12 couples at a time. At approximately ,000 per guest per night, it requires a sold-out crowd on each night to reach its revenue ceiling, but Belnap says the buyouts offer more revenue with fewer question marks, and it is something they plan to continue once the worst of COVID-19 passes.“It’s very efficient,” said Belnap. “It’s a lot of fun having a family here for entire week, where you really get to know the family and the kids.” 2297

White House chief of staff John Kelly will be leaving his position at the end of the year, President Donald Trump told reporters at the White House on Saturday afternoon.CNN on Friday reported that Kelly was expected to announce his departure in the coming days."John Kelly will be leaving at the end of the year," Trump told reporters before departing the White House for the Army-Navy game.Trump noted Kelly had been with him for almost two years in his roles as chief of staff and secretary of homeland security."I appreciate his service very much," Trump said.Seventeen months in, Kelly and Trump have reached a stalemate in their relationship, which is no longer seen as tenable by either of them, CNN has reported. Though Trump asked Kelly over the summer to stay on as chief of staff for two more years, the two have stopped speaking in recent days.CNN reported on Friday that Trump had been discussing a replacement plan. Potential replacements include Vice President Mike Pence's chief of staff, Nick Ayers, who is still seen as a leading contender. 1071